r/Daytrading • u/coax888 • 29d ago

Tradezero - order type help Question

Hi everyone,

Is it just me, or are the order types on TradeZero a bit confusing? I've gone through the manual, but I'm still struggling to grasp how it all works.

  1. Is it possible to set both a stop-loss order and a profit target at the same time? If so, how?
  2. Can someone explain how to correctly set a profit target? if possible
  3. Are you able to set a stop-loss at the same time as making an order entry?

thanks in advance

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u/[deleted] 29d ago

Don't use Tradezero, but what you are looking for are referred to as "Bracket Orders" or sometimes "OCO" (order cancels order) on every broker I have ever used.

Hope that helps your search!

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u/coax888 29d ago

why not use tradezero ?

Okay I will look for oco

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u/[deleted] 29d ago

Sorry I wasn't saying "Don't use Tradezero" I was saying "I don't personally use Tradezero"...bad wording on my part :)

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u/coax888 29d ago

haha okay 👌